Robeco Schweiz AG decreased its holdings in shares of AECOM (NYSE:ACM - Free Report) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 503,521 shares of the construction company's stock after selling 140,604 shares during the quarter. Robeco Schweiz AG owned about 0.38% of AECOM worth $53,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. raised its stake in shares of AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP grew its holdings in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock valued at $29,000 after buying an additional 207 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of AECOM during the third quarter valued at about $30,000. True Wealth Design LLC lifted its holdings in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares in the last quarter. Finally, National Pension Service bought a new position in shares of AECOM in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 85.41% of the company's stock.
AECOM Price Performance
NYSE ACM traded up $2.92 during trading hours on Friday, reaching $100.18. 1,907,948 shares of the stock traded hands, compared to its average volume of 1,051,314. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50 day simple moving average of $105.38 and a two-hundred day simple moving average of $105.44. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.
AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, analysts predict that AECOM will post 5.1 EPS for the current fiscal year.
AECOM announced that its Board of Directors has initiated a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on ACM shares. Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial upped their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective for the company. Robert W. Baird decreased their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Finally, KeyCorp dropped their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $120.38.
View Our Latest Analysis on AECOM
About AECOM
(
Free Report)
AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.
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